Suppose That an Actual (Not Perfectly Reliable)credit Report Has the Following

question 30

Essay

Suppose that an actual (not perfectly reliable)credit report has the following characteristics based on historical data; in cases where the customer did not default on the approved loan,the probability of receiving a favorable recommendation on the basis of the credit investigation was 80%,while in cases where the customer defaulted on the approved loan,the probability of receiving a favorable recommendation on the basis of the credit investigation was 25%.Given this information,what are the posterior probabilities that an earthquake will and will not occur,given the geologists predictions?

---

Definitions:

Thoughts and Feelings

The mental and emotional processes and experiences that form the basis of an individual's perception and responses to their environment.

Imperfect Role Models

Individuals who influence others despite having flaws or making mistakes, illustrating that perfection is not required to inspire or teach.

Professional Veneer

The polished, often superficial, image or behavior a professional might adopt to conform to societal and occupational standards or expectations.

Willing

The state of being prepared or ready to take on challenges, often related to the process of change or engagement in therapeutic activities.